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German Manufacturing Returns To Positive Zone

Germany's manufacturing sector returned to growth zone in October, final data from Markit Economics showed Monday.

The Markit/BME Purchasing Managers' Index rose to 51.4 in October from a 15-month low of 49.9 in September. Nonetheless, the score was slightly below the flash estimate of 51.8.

The rate of improvement in operating conditions was modest overall and well below levels seen at the beginning of the year.

"Overall, the data send mixed signals about the health of Germany's manufacturing sector and it is too early to say whether the sector will be able to sustain growth in the fourth quarter," Oliver Kolodseike, an economist at Markit and author of the report said.

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